IRVINE, CA & BOSTON, MA - October 4, 2017 - Thomas H.
Lee Partners, L.P. ("THL"), a premier private equity firm investing
in middle market growth companies, announced today that it has
closed the acquisition of a majority interest in Ten-X, LLC (the
"Company" or "Ten-X"), the nation's leading online real estate
marketplace. Members of Ten-X's senior management team, Stone Point
Capital, and CapitalG (formerly Google Capital), among others, will
continue to hold minority positions in the Company. Terms of the
transaction were not disclosed.

Founded in 2007 and headquartered in Irvine and Silicon Valley,
California, Ten-X provides an online real estate marketplace that
allows individuals and investors to buy and sell residential and
commercial real estate properties using both desktop and mobile
channels. By leveraging its market-leading technology platform and
extensive international network of buyers, Ten-X empowers
consumers, investors and real estate professionals with
unprecedented levels of flexibility, control and simplicity to
easily complete real estate transactions online. Since its
inception, Ten-X has enabled over $50 billion of residential and
commercial property sales on its platform.

The recapitalization will ensure Ten-X has the resources it
needs to build on its proven platform, pursue additional
monetization opportunities, and execute on its growth objectives.
The Company will retain its corporate headquarters in Irvine and
Silicon Valley, and will continue to be led by Chief Executive
Officer Tim Morse along with other members of its senior management
team.

"This investment gives us the scale and resources to accelerate
our growth and further expand our platform and product offerings,"
said Mr. Morse. "With the support of THL as a partner going
forward, we can fully execute on our vision, build on our position
as a leader in the online real estate market, and continue to
provide our customers innovative products and services."

"We are very excited to be partnering with Ten-X, a clear market
leader in the real estate industry," said Jim Carlisle, Managing
Director at THL. "We are looking forward to working closely with
Tim and the talented management team at Ten-X to further enhance
its leadership position and maximize this incredible growth
opportunity."

Ten-X is the nation's leading online real estate transaction
marketplace and the parent to Ten-X Commercial, Auction.com, and
Ten-X Homes. To date, the company has sold 300,000+ residential and
commercial properties totaling over $50 billion. Leveraging desktop
and mobile technology, Ten-X allows people to safely and easily
complete real estate transactions online. Ten-X is headquartered in
Irvine and Silicon Valley, Calif., and has offices in key markets
nationwide. For more information, visit Ten-X.com.

Since its founding in 1974, THL has raised over $22 billion of
equity capital, acquired over 140 portfolio companies and completed
over 360 add-on acquisitions which collectively represent a
combined enterprise value at the time of acquisition of over $200
billion.